Quote:
Originally Posted by DeltAlum
Right, but even a medium sized fraternity like us (115-120 chapters) averaging $250K per chapter is in the neighborhood of $30 million if they all have a close deadline.
Hopefully, that wouldn't happen because it could bankrupt many fraternities.
(Of course not every chapter has a house, but the figures are still staggering)
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Plus, that assumes that every current house is lacking one and that may not be the case.
But I believe that's what a loan is for........